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Vehicle sale by employee to employer : is sale deed must ?

This query is : Resolved 
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(Querist)
20 November 2008 Sir,

An employee of a pvt ltd company is selling his car to his employer itself. Is a sale deed or vehicle sales agreement must for the company ?

Or, a simple car sale letter by the employee is sufficient??

kindly explain the legality of this situation.

Thanks,

Subhash
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
20 November 2008 A sale letter with the receipt of payment issued as acknowledgement of receipt of payment in consideration of agreed amount are sufficient for the said transaction.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Querist)
20 November 2008 Thanks very much sir.

Subhash
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
20 November 2008 ON THE BASIS OF THE ABOVE OWNNERSHIP OF THE VECHILE MUST BE CHANGED INTO COMPANY'S NAME THROUGH THE RTO OFFICE.
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